Mobile Telecommunications at the Dawn of a New Era. How New Mobile Technologies Drive Innovative Business Models

PurposeThe financial industry offers a unique setting to study innovations. Financial innovations have fueled the growth of economies, markets and societies. The financial industry has successfully become the breeding ground for innovative services, processes, business models and technologies. This study seeks to provide a holistic view of the literature on financial innovations, synthesize the research findings and offer future directions for research in light of three market developments that are disrupting the industry and opening up a new era for the financial services industry. Disruptions from within and outside the industry offer new generations of radically innovative services. Moreover, new generations of consumers differ from previous generations in their needs and wants and look for innovative ways to handle their financial needs. Finally, significant developments related to financial innovations have emerged in Asia and developing countries.Design/methodology/approachThis study systematically reviews the academic research literature on financial innovations in two phases. The first phase provides a quantitative review of 546 journal articles published between 1990 and 2018. In the second phase, the study synthesizes the extant research on financial innovations and maps them in five research areas: firms' introduction and adoption of FIs, financial innovation development, the outcomes of financial innovations, regulations and intellectual property, and consumers.FindingsThe analysis found that disciplines differ with regard to the employed research methodologies, the units of analysis, sources of data and the innovations they examined. A positive trend in the number of published articles during this period is observed. However, studies have primarily focused on the USA and Europe and less so on other parts of the world. The literature synthesis further identifies research gaps in the available research that highlight future research opportunities in light of the three market disruptions. The financial services industry is on the brink of a new era due to disruptions from within and outside the industry and the entrance of new generations of consumers. Moreover, the financial industry has successfully become the breeding ground for innovative services, processes and business models. Therefore, financial innovations offer promising opportunities for bridging the gap between research on product and service innovations.Research limitations/implicationsThe work provides a holistic and systematic overview of extant research on financial innovations and highlights future research opportunities in light of the three disruptive market developments. It helps researchers take advantage of the opportunities in studying financial innovations while maintaining industry relevance.Originality/valueThe study is the first to review and synthesize the academic research literature on financial innovations across marketing, finance and innovation disciplines. In addition, the study highlights three primary disruptive forces in the financial industry and identifies future research directions in light of these disruptive forces.

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Basic Concepts of Mobile Radio Technologies

Encyclopedia of Multimedia Technology and Networking, Second Edition ◽

10.4018/978-1-60566-014-1.ch016 ◽

2009 ◽

pp. 113-120

Author(s):

Christian Kaspar ◽

Florian Resatsch ◽

Svenja Hagenhoff

Keyword(s):

Business Models ◽

Service Level ◽

Mobile Commerce ◽

Mobile Radio ◽

Mobile Internet ◽

Point Of View ◽

Mobile Technologies ◽

Mobile Service ◽

Service Adoption ◽

Available Technology

Mobile radio technologies have seen a rapid growth in recent years. Sales numbers and market penetration of mobile handsets have reached new heights worldwide. With almost two billion GSM users in June 2006, and 74.7 million users of third generation devices, there is a large basis for business and product concepts in mobile commerce (GSM Association, 2006). Penetration rates average 80%, even surpassing 100% in some European countries (NetSize, 2006). The technical development laid the foundation for an increasing number of mobile service users with high mobile Web penetrations. The highest is seen in Germany and Italy (34% for each), followed by France with 28%, while in the U.S., 19% account for mobile internet usage (ComScore, 2006). One of the largest growing services is mobile games, with 59.9 million downloaded in 2006 (Telephia, 2006). Compared to the overall availability of handsets, the continuing high complexity and dynamic of mobile technologies accounts for limited mobile service adoption rates and business models in data services. Therefore, particular aspects of mobile technologies as a basis of promising business concepts within mobile commerce are illustrated in the following on three different levels: First on the network level, whereas available technology alternatives for the generation of digital radio networks need to be considered; second, on the service level, in order to compare different transfer standards for the development of mobile information services; third, on the business level, in order to identify valuable application scenarios from the customer point of view.

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Business with Purpose and the Purpose of Business Schools: Re-Imagining Capitalism in a Post Pandemic World: A Conversation with Jay Coen Gilbert, Raymond Miles, Christian Felber, Raj Sisodia, Paul Adler, and Charles Wookey

Journal of Management Inquiry ◽

10.1177/1056492620970279 ◽

2020 ◽

pp. 105649262097027

Author(s):

Hector Rocha ◽

Michael Pirson ◽

Roy Suddaby

Keyword(s):

Social Change ◽

Business Models ◽

Business Schools ◽

Human Condition ◽

New Era ◽

New Models ◽

Purpose Of Business ◽

Historical Moment ◽

The Human Condition

The emergence of innovative business models suggests that the foundational assumptions of competitive capitalism are increasingly in doubt. Business schools, however, appear to be followers rather than leaders in this historical moment of social change. While consumers and businesses are experimenting with new models of capitalism, business schools have been slow to change. What role should business schools play in this emerging new era of purpose-driven capitalism and business with purpose? We explore this question in conversation with six global experts, three in academia and three in practice, who are leading this change. The experts conclude that business must serve the needs of humanity rather than the needs of business. Business schools, therefore, need to reduce their emphasis on how to make businesses more rational and efficient and should instead focus on how businesses can help address more fundamental questions of the human condition.

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An answer from Marxist economics to Weber's hypothesis about China: a concurrent discussion of the direction of rural reform in China

China Political Economy ◽

10.1108/cpe-06-2020-0012 ◽

2020 ◽

Vol 3 (1) ◽

pp. 161-173

Author(s):

Jiguo Yang

Keyword(s):

Rural Economy ◽

Business Models ◽

Practical Significance ◽

Theoretical Problem ◽

Local Conditions ◽

Content Type ◽

New Era ◽

Rural Industrialization ◽

Chinese Characteristics ◽

Full Sense

PurposeWeber's hypothesis about China is the hypothesis forwarded by Weber that why capitalist production did not appear in eastern countries such as China in the first place. Weber considered that the reason may be Chinese Confucianism and Taoism lack protestant ethic like Western countries.Design/methodology/approachThe clarification has aroused wide discussion, meanwhile, East Asian capitalism belonging to the Chinese cultural circle has successfully refuted Weber's proposition. Chinese scholars have a broad debate around this topic while no agreement has been reached. This paper tries to explain Weber's hypothesis by Marx's theory of capital origin, which can be explained that the landlord economy caused by China's federal society under centralism leads to the result that the commodity of labor cannot exist in that environment.FindingsThe answer from Marxist economics has not only solved an enormous theoretical problem, but also it has vital practical significance. It easily clarifies the fact that the commodity of labor in full sense still cannot emerge in China nowadays, which is an important reason causing China to enter the New Normal and New Era.Originality/valueTherefore, it leaves China the only way of the socialist road with Chinese characteristics and revitalizing China's rural economy, which means China can only promote rural industrialization and urbanization under the principle of adhering to rural collective ownership, while implementing various forms of integrated agricultural and industrial business models based on local conditions.

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Manufacturing in the world: where next?

International Journal of Operations & Production Management ◽

10.1108/ijopm-03-2015-0135 ◽

2015 ◽

Vol 35 (9) ◽

pp. 1253-1274 ◽

Cited By ~ 61

Author(s):

Louis Brennan ◽

Kasra Ferdows ◽

Janet Godsell ◽

Ruggero Golini ◽

Richard Keegan ◽

...

Keyword(s):

Business Models ◽

Customer Engagement ◽

Future Research ◽

Content Type ◽

New Era ◽

The World ◽

The Future ◽

Recent Developments ◽

Consistent Feature ◽

Manufacturing Network

Purpose – The past three decades have seen the transformation of manufacturing involving its global dispersion and fragmentation. However, a number of recent developments appear to suggest that manufacturing may be entering a new era of flux that will impact the configuration of production around the globe. The purpose of this paper is to address the major emerging themes that may shape this configuration and concludes that most of them are still in their initial stages and are not likely to create a radical shift in the next few years in how manufacturing is configured around the world. These themes were presented in a special session on “Manufacturing in the World – Where Next?” at the 2013 EurOMA Conference in Dublin, Ireland. Design/methodology/approach – The paper provides a series of perspectives on some key considerations pertaining to the future of manufacturing. An evaluation of their likely impact is offered and insights for the future of manufacturing are presented. Findings – The importance of a focus on the extended manufacturing network is established. The need for customer engagement and a forward looking approach that extends to the immediate customer and beyond emerges as a consistent feature across the different perspectives presented in the paper. There is both the potential and need for the adoption of innovative business models on the part of manufacturers. Originality/value – The paper presents in-depth perspectives from scholars in the field of manufacturing on the changing landscape of manufacturing. These perspectives culminate in a series of insights on the future of global manufacturing that inform future research agendas and help practitioners in formulating their manufacturing strategies.

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The New Paradigm of the Omnichannel Retailing: Key Drivers, New Challenges and Potential Outcomes Resulting from the Adoption of an Omnichannel Approach

International Journal of Business and Management ◽

10.5539/ijbm.v13n1p85 ◽

2017 ◽

Vol 13 (1) ◽

pp. 85 ◽

Cited By ~ 3

Author(s):

Aiolfi Simone ◽

Edoardo Sabbadin

Keyword(s):

Literature Review ◽

Business Models ◽

New Technologies ◽

Theoretical Framework ◽

Mobile Technologies ◽

Potential Outcomes ◽

Successful Implementation ◽

Physical Channel ◽

Key Drivers ◽

New Challenges

The rise of the Internet, mobile technologies and digital disruption have changed the retail business as well as the implementation of the levers of retail mix and the behavior of shoppers. Online channel has become an appealing channel where retailers can sell their products and services. The proliferation of channels and touch points has affected not only consumer behavior but also companies' business models. Many retailers have started to develop multichannel and omnichannel strategies by adding new channels through which interact with the customers. Retailers are now concentrating on how shoppers are influenced by new technologies and how they switch across channels during their research and buying process. Omnichannel retailing, defined as the conceptualization of the complete integration of all channels, with no distinction between the online and the physical channel, is the new retailing paradigm of today. The topic itself is particularly relevant as technological development continue to disrupt retail strategies and practitioners are debating as to how to respond. Particularly, managers are worried about how to manage the several touch points, which are now simultaneously available to customers. Concerning with the present research, we attempt to describe this development by analyzing the existing literature about topics that we can classify within the omnichannel paradigm. In order to explain how both literature and business models are moving from multichannel retailing towards the implementation of omnichannel strategies, we follow a blended approach based on literature review, theoretical background as well as some interesting managerial insights resulting from business’ case histories. To address the concerns of managers and retailers about the new challenges they will need to face in implementing an omnichannel retailing approach, we present a theoretical framework, concerning with the adoption of the omnichannel as an innovative strategy in the overall marketing strategies. To deal with the topic we start from three research questions that guide our literature review as well as our theoretical framework. We investigate what are the key drivers that have stimulated retailers to develop an omnichannel retailing strategy, what are the new challenges that retailers will need to face when they decide to implement an omnichannel strategy in their overall marketing strategy and finally what are the possible outcomes of a correct and successful implementation of an omnichannel retailing strategy. Therefore, our theoretical framework explains key drivers, new challenges and potential outcomes coming from the adoption of the omnichannel retailing in order to help managers and practitioners who might decide to enter the omnichannel retailing.

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Product Lifecycle: Social and Political Reflections from the Digital and Sustainable Perspectives

10.5772/intechopen.100938 ◽

2021 ◽

Author(s):

Fabio De Felice ◽

Antonella Petrillo

Keyword(s):

Greenhouse Gas Emissions ◽

Greenhouse Gas ◽

Global Governance ◽

Business Models ◽

Economic Sector ◽

Product Lifecycle ◽

Gas Emissions ◽

New Era ◽

Classical Sense ◽

The World

Digitalization and sustainability are the drivers of the global development of the future that have slowly conquered the agendas of governments and organizations on every continent. In this context, the pandemic has proved to be a powerful technological accelerator, helping to give a greater boost to these drivers, “guiding” leading the productive and economic sector throughout the world. Today the sustainability and digitalization represent the indispensable prerequisites to add economic, environmental, and social sovereignty. In fact, the scenario that the Coronavirus is leaving us foreshadows the need not to be satisfied with reaching targets for reducing greenhouse gas emissions, but to imagine “global” governance for the development of business models based on the new digital frontiers. Thus, what are the challenges for achieving the paradigms of sustainability and digitization in this new era? And what are the tools for a “digicircular” transformation? The aim of this chapter is to investigate these issues. To this end, it should be noted that, in this chapter, our aim is not to present an analysis of literature in the classical sense but rather political and social reflections.

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Mobile governement models and applications of the municipalities information systems services

10.12681/eadd/28964 ◽

2013 ◽

Author(s):

Θεοδώρα Ζάρμπου

Keyword(s):

Information Systems ◽

Business Models ◽

New Technologies ◽

Theory And Practice ◽

Mobile Technologies ◽

Model Concept ◽

Holistic View ◽

Government Sector ◽

Value Propositions ◽

Framework Development

The mobile local government services topic is an area that needs relentless attention and continuous steps towards its improvement taking advantage of the new technologies. Mobile technologies help in advancing municipal information systems, providing the citizens with the opportunity to perform easily routine transactions through their mobile devices anywhere-anytime.In order to have sustainable and useful mobile G2C information systems services, there is high need to successfully integrate the mobile government concept with the business model concept; such concepts could harmonically co-exist and yield fruitful results.This dissertation attempts to provide guidelines that could be used to highlight key tasks, which can steer successful development path through strategic steps and stages integrated into a theoretical framework, the GoMobi framework. To reach this point, there is a number of secondary objectives accomplished including: literature review of the concepts of mobile government and of business models, mapping of existing services, forming of a typology of mobile G2C services, and analysis of their value propositions. The theoretical model (GoMobi) is, finally, validated through case studies conduction.The findings of such dissertation contribute valuably to both theory and practice. The comprehensiveness of the mobile G2C services value propositions and barriers grounded theories, the inclusiveness of the mobile G2C services typology, the completeness of the mapping of the provided mobile G2C services in Greece, the integrity of the conceptual review of the business models dimensions, and the fruitfulness and flexibility of the GoMobi framework development, are innovative aspects in the academic environment. Finally, practitioners interested in entering the mobile government sector can be aware of the sector’s demands, additionally to having a holistic view of how to design, create, communicate, compare, analyze, evaluate, and modify their existing and future business dimensions of provided mobile information systems services.

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